Explain consequences of unemployment
Answers
Answer:
Unemployment has many consequences.
Explanation:
Loss of output to the economy - the unemployed could be producing goods and services and if they are not, then GDP is lower than it could be -this is the opportunity cost of unemployment.
Loss of tax revenue - unemployed people are not earning and not paying tax. The government has reduced revenues to spend on public services.
Increase in government expenditure - the government has to pay out benefits to support the unemployed - less revenue and more expenditure.
Loss of profits - with higher employment firms are likely to sell more and make higher profits. If they make less profit because of unemployment, they may have less funds to invest.
Answer:
However, the health consequences of employment and unemployment are directly contingent upon quality of work. As a result, the highest levels of health risk are found amongst dissatisfied workers and the lowest levels amongst satisfied workers.
Explanation:
The Growth of Incarceration in the United ...
Unemployment and low wages among the formerly incarcerated may therefore result not from incarceration but from preexisting low employability and productivity. Suggested Citation:"8 Consequences for Employment and Earnings.